Bulgaria's Factories Lose BGN 500 M Daily over Natural Gas Shortage

Business | January 6, 2009, Tuesday // 00:00
Bulgaria Bulgaria's Factories Lose BGN 500 M Daily over Natural Gas Shortage: Bulgaria's Factories Lose BGN 500 M Daily over Natural Gas Shortage Bulgaria's factories are losing BGN 500 M a day, according to the CEIBG Director Evgeniy Ivanov. Photo by Kameliya Atanassova (Sofia Photo Agency)

Bulgaria's plants are losing at least BGN 500 M per day because of the terminated supplies of Russian gas.

This was announced Tuesday afternoon by the Executive Director of the Confederation of the Employers and Industrialists (CEIBG) in Bulgaria Evgeniy Ivanov in an interview for Darik Finance.

Ivanov also said Bulgarian companies had already started to sack workers because of the natural gas shortage.

In his words, Bulgaria's glass producing industry would be dealt a deadly blow by the termination of the Russian gas supplies.

The only alternative for Bulgaria, according to the CEIBG Director was the import of liquified natural gas by sea.

According to CEIBG, the suggestions made earlier on Tuesday by the Bulgarian President Parvanov for restarting the shut Units 3 and 4 of the Kozloduy Nuclear Power Plant were just an expression of populism, and could damage Bulgaria's EU membership, as the closure of the two nuclear reactors is stipulated by Bulgaria's accession treaties.

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